Prudential Regulation Authority believes UK is in a good position
UK regulators will resist the urge to over-capitalise the country’s insurance companies amid the arrival of Solvency II next year, a senior Bank of England (BoE) official said yesterday.
Solvency II aims to ensure that insurers such as Aviva and RSA have enough capital to pay customers even if the markets worsen.
“The PRA believes the UK industry is in a good position,” the BoE executive director for insurance supervision Paul Fisher told a Westminster Business Forum conference.
Reuters reported that Fisher said: “We can’t and won’t gold-plate.”
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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